Next, Mr. DeCourcy presented and explained the resolution component of this action item. Regent Moyer expounded upon Mr. DeCourcy's remarks.

Regent Walston sought clarification as to whether the University was seeking to repair its relationship with the Foundation or moving in a different direction entirely.

MOTION by Regent Adams:

Move the Board to approve the Foundation MOU and resolution.

Seconded by Regent Fletcher and passed without dissent.

VII. Closing Remarks

Chair Dukes concluded the meeting expressing her appreciation to Regents, staff, administration, and faculty for their continuous support, and to CPE for their support and collaboration with the University.

VIII. Adjournment

MOTION by Regent Walston:

Move the Board to adjourn.

Seconded by Regent Fields and passed without dissent.

The meeting was adjourned at 11:37 a.m.